7:10.
Manufacturing activity in China rose in March for the first time since December, as an indicator published Wednesday by the government of the second world economy.
The PMI purchasing managers established by the National Statistics Office, the index was established in March at 50.1, up from 49.9 in February.
A reading above 50 indicates an expansion of the manufacturing activity, while below this threshold index implies a contraction.
This modest expansion comes amid efforts by the central bank to stimulate the Chinese economy, which in 2014 grew at the slowest pace in 24 years, 7.4 percent.
The central bank lowered twice its interest rates since November, and on several occasions has cut ratios reserve requirement for banks to give them more room and encourage them to lend more money to businesses and individuals.
Although experts say the central bank should do more to stimulate economic outlook remains difficult, given the weak domestic and foreign demand.
“The official PMI indicates that the manufacturing sector, at least the big companies have resisted better than expected. But that does not mean more incentives (the authorities) are not needed to prevent the index falls again, “observes Julian Evans-Pritchard, cabinet Capital Economics.
The bank HSBC, which He does his own research on manufacturing activity in China, reported on Wednesday a less bright than the government, with a PMI index stood at 49.6 estimate.
The data improvement despite a first estimate 49.2 issued by the bank last week, but it marks a violent contraction in the level of 50.7 that HSBC measured in February.
(FIN) AFP / JCC
Posted: 04/01/2015
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